Helix Property Advisors, on behalf of Derby Property Investments, has sold the virtual freehold interest in the Morrisons store, 33-37 King Street, Huddersfield to Tomorrow Properties Limited for £1.35 million, reflecting a net initial yield of 6.16%
The 6,457 sq ft (600 sq m) supermarket store is located on a prime town centre pitch and is let to Morrisons Supermarkets plc, with 14 years unexpired, at an annual rent of £88,000, with five-yearly RPI limited rent reviews.
Fineman Ross advised Helix Property and Cew Capital advised Tomorrow Properties.
